American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Reaches New 52-Week Low – Time to Sell?

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $47.07 and last traded at $47.25, with a volume of 148799 shares. The stock had previously closed at $47.57.

American Century Diversified Municipal Bond ETF Stock Performance

The business’s 50 day simple moving average is $49.26 and its 200 day simple moving average is $50.02.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAXF. Western Wealth Management LLC purchased a new position in American Century Diversified Municipal Bond ETF during the 1st quarter worth approximately $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of American Century Diversified Municipal Bond ETF in the second quarter valued at $169,000. Barnes Wealth Management Group Inc boosted its position in shares of American Century Diversified Municipal Bond ETF by 5.6% in the fourth quarter. Barnes Wealth Management Group Inc now owns 4,383 shares of the company’s stock worth $221,000 after buying an additional 233 shares during the period. Nwam LLC acquired a new stake in shares of American Century Diversified Municipal Bond ETF in the second quarter worth $259,000. Finally, Unique Wealth LLC purchased a new position in shares of American Century Diversified Municipal Bond ETF during the first quarter valued at $295,000.

American Century Diversified Municipal Bond ETF Company Profile

(Get Free Report)

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.

Further Reading

Receive News & Ratings for American Century Diversified Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Century Diversified Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.